Suppose the comparative balance sheets of Nike, Inc. are presented here. Instructions (a) Prepare a horizontal analysis
Question:
Instructions
(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2018 as a base. (Show the amount of increase or decrease as well.)
(b) Prepare a vertical analysis of the balance sheet data for Nike for 2019.
Transcribed Image Text:
NIKE, INC. Comparative Balance Sheets May 31 (S in millions) Assets Current assets Property, plant, and equipment (net) Other assets Total assets 2019 9,734 1,958 1,558 $13,250 2018 8,839 1,891 1,713 $12.443 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 3,277 1,280 8,693 $13,250 $ 3,322 1,296 7,825 $12,443
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Related Book For
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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